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Analysts Offer Insights on Materials Companies: FRESNILLO (OtherFNLPF) and Vale SA (VALE)

Tipranks - Thu Jan 29, 6:24AM CST

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on FRESNILLO (FNLPFResearch Report) and Vale SA (VALEResearch Report).

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FRESNILLO (FNLPF)

Morgan Stanley analyst Ioannis Masvoulas maintained a Sell rating on FRESNILLO today and set a price target of p2210.00. The company’s shares closed last Tuesday at $58.00.

According to TipRanks.com, Masvoulas is a 4-star analyst with an average return of 6.7% and a 62.3% success rate. Masvoulas covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, KGHM Polska Miedz SA, and Lundin Mining. ;'>

FRESNILLO has an analyst consensus of Hold, with a price target consensus of $45.44.

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Vale SA (VALE)

Wells Fargo analyst Timna Tanners maintained a Hold rating on Vale SA today and set a price target of $15.00. The company’s shares closed last Tuesday at $16.44.

According to TipRanks.com, Tanners is a 3-star analyst with an average return of 2.8% and a 55.0% success rate. Tanners covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Knife River Corporation, and Cleveland-Cliffs. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vale SA with a $14.91 average price target, a -7.4% downside from current levels. In a report issued on January 23, TipRanks – Anthropic also downgraded the stock to Hold with a $16.50 price target.

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